Cobra's Market View

Update on UGA, the gasoline ETF

different view with QQQ included
http://stockcharts.com/h-sc/ui?s=$TICK& ... =250567739

67Chevy wrote:Update on UGA, the gasoline ETF

Nice chart, short term overbought but should be more up.

So... all clear for the inflationary trade?

TraderGirl wrote:

Al_Dente wrote:

uempel wrote:Twimc: Megaphone is a reversal signal - should a) be postioned at the top of a formation and b) preferably be visible on the daily/weekly/monthly...

THANKS uempel
http://www.youtube.com/watch?v=bVyyyGxW ... re=related

Bulkowski's Broadening Top: Can occur in any direction (upward 49.6%, downward 50.3%) and it happens when price pierces a trendline or moves beyond the end of the pattern.

And..Volume Trend: Downward for the best performance, regardless of the breakout direction.

Come on TraderGirl, Bulkowski's Broadening Top reminds me of a game which begins with an R.

My ellipses look kind of bullish at the mom - right? Let's see if 1280 can be broken now.

fuddleduddle wrote:So... all clear for the inflationary trade?

interest rate fed target will be increase this month the 24th, deflationary. ooopz that is so fundamental.

sold the UNG I bought the other day for a 1.7% gain. 150 shares only, so dollar gain is only $16.27. I'll take what I can get.

Al, I once read that Dinah was Amy's idol - great voice. Thanks.

Update

NDX http://99ercharts.blogspot.com/2012/01/ndx.html

That should do it.

Anyone has the NYMO reading?
If the market finished at here, I assume we will see an apparent - divergency.

tdo722 wrote:

tdo722 wrote:

tdo722 wrote:Failed 4 times today at the middle pitch fork line. As soon as it breaks this pitch fork line then we got ourself a long play. capice?

But also, perhaps #4 is the worst number in chinese history. Could be bad news for the bulls if you are superstitious.

Okay, SPY really like the middle pitchfork, let's see the 5th time.

5th time is the charm, break it, break it...

a little overshot here. Overall not bad for bulls, but I moved my stop loss to breakeven. let it free run now.

99er wrote:Update

NDX http://99ercharts.blogspot.com/2012/01/ndx.html

That should do it.

I better pay attention to TQQQ and SQQQ now.

Risk model still favor SPY < 127 this week. option guru Cougar what say you?

uempel wrote:Al, I once read that Dinah was Amy's idol - great voice. Thanks.

Uempel
Yes, Dinah, also she said she loved ALL of the really early blues girl singers, and most of the girl groups of the late 1950s and early 1960s
http://www.youtube.com/watch?v=0lQZoAbN ... re=related

I shouldn't have let my UNG go. I see plenty of buyers.

any comment on TVIX? Thanks!

Couple of turn dates:

Jan 2: we were down into Jan 2 turn date, rallied Jan 3rd.
Jan 12-13: if we are down into these dates, could rally again...

Pullback could be rather shallow, hoping for support at 1235ish, turn into bearish wedge....??
Looking for a good rally at the end of Jan...

tdo722 wrote:

67Chevy wrote:Update on UGA, the gasoline ETF

Nice chart, short term overbought but should be more up.

Thanks, my charts are pretty simple compared to the cool ones I see posted here...I should have asked Santa to bring crayons to draw my trend lines.

Here is a look at my Swing model: today I got another sell-able (this time DBV agreed) so, next lower bar on MACD hist. I will get another RED sell arrow on the chart. just a head up on the buy low sell high and sell high buy low freaks.